Warrior Win
Josh Norell
I’ve been in IT for 20 years, entered real estate with single family rentals in 2015. I have been doing single family flips and BRRR’s. Entered into the multifamily space in 2021. Passionate about helping others enter real estate to achieve financial freedom.
Property Details
Address: 982 S Sheridan Denver, CO
Number of Units: 10
Value Add Deal? Yes
Purchase Price: $1.325 M
Estimated monthly increase projected? $800
Anticipated value after value add: $2.25 M
Estimated Cash on Cash Return: This is a flip, not important.
Estimated Internal Rate of Return: 40%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Overall a good experience. The coaching didn’t help as much as I thought it might. But relationships built within the program are life changing.
How did you find this property?
Broker.
How did you structure the financing of this property?
75% LTC loan through local bank.
Was this a joint venture or syndication?
Joint Venture.
How did you raise the equity?
50/50 with another warrior.
What was the equity raise?
$400k.
What are some hurdles you had to overcome to get this deal done?
Dealing with non-paying tenants, and getting them out.
What are some of the lessons you learned with this deal?
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.